Can you Really Make Money with Binary Options?

Binary options trading is very popular in many countries around the globe. However, most people still ask the question "can you really make money in binary options". In this article I will try to answer this question and give you a few tips on how you can make money trading binary options.

The short answer is that yes, you can make money online with binary options trading if you only trade at legitimate binary options brokers and learn the fundamentals of binary trading and employ proper trading strategy.

Binary options trading is a form of investing through predicting the movement of various assets such as gold, silver, the USD etc. It is very similar to other forms of investing such as forex and stock trading. It’s however simpler, has relatively fewer risks (in the sense that you will always know in advance what you might lose) and can offer larger payouts.

The idea is that you can make money in binary options only if you treat it as a real form of investing. This means learning how it works, learning how to read charts and learning how you can make accurate predictions. All these are not that difficult but it takes some time. If you treat it as gambling and just make random predictions then you will obviously not win.

Trading binary options online is not as complicated as many people think it is. You don’t have to be an economics expert in order to make money by trading binary options. Below these lines I'll reveal why making money with binary options is actually pretty simple.

Quick guide: Yes, you can make money in binary options. The easiest way is to use a binary options robot, such as BinBotPro that will automatically analyze the markets and make accurate predictions for you. This is fully automatic and comes with a success rate of around 85%. The huge advantage of BinBotPro is that it trades with cryptocurrencies such as Bitcoin where daily gains of up to 20%-50% are very frequent.

At this moment the most reputable binary broker where you can make money if you use proper strategy is IQ Option. IQ Option has a payout rate of 88% and is also the broker with the most licenses and government-approvals, which means it's 100% safe and fair. If you are from the US you can trade at BinBotPro instead, which is also a reputable broker.

Hot in 2019: Cryptocurrencies are the biggest gainers in 2019. You should register at BinBotPro in order to make a lot of money. BinBotPro is a trading bot that will invest in Bitcoin when it's starting to go up and sell when it's starting to go down. You can make up to 5% to 10% gains every day with BinBotPro.

September 2019 update: If you wish to make money without trading then you should check out Bitcoin mining. All you need to do is renting hash power and wait to see your Bitcoin being added into your wallet over time. Check out IQMining and their offers.

With Bitcoin mining you do not need to trade and your profits are almost guaranteed. You only rent the server and will then be paid out by the moned Bitcoin, which you can exchange into fiat currency. There is no possibility of "losing" your deposit here, as you will not be trading. You will get daily Bitcoin payments into your wallet. Check out IQMining now.

Is it Possible to Make Money in Binary Options Trading?

A lot of interested traders are asking themselves the question if you can really make money with binary options? Obviously this is a perfectly legitimate question considering that most people have not traded binary options in the past and generally believe that investing is a very difficult activity.

The answer is that you can indeed make money in binary options trading. However, you will have to put an effort into it. As explained above, you will have to learn money management, reading of charts as well as the usage of indicators.

Naturally, you will have to put an effort into it if you want to make sure you’ll be able to generate money consistently. If you treat it like gambling then obviously the end result will also be like gambling and you will end up losing money instead of winning.

However, if you follow simple online trading strategy, like the ones that I have listed above, then you will have the potential chance to generate profits consistently. Also, the more you trade, the easier it gets later on. After a few months, trading financial assets will come natural to you, allowing you to make money consistently.

How does it work?

In binary options you will have the possibility to predict the movement of various assets such as stocks, currency pairs, commodities and indices. Making a prediction is possible after purchasing an option.

An option has only two outcomes (hence the name “binary” options). This is because the value of an asset can only go up or down during a given time frame. Your task will be to predict if the value of an asset with either go up or down during a certain amount of time.

In order to purchase an option, you will have to invest a certain amount of money. Usually, you can invest as low as $5-$10 and a high as several hundred. If by the time of the option’s expiration your prediction will have come true, you will receive your investment back plus a commission that will be the profits you made.

If your prediction will be false, then you will lose the invested money. Binary options trading is not gambling because if you pay attention to what’s happening in the business world you may be able to make accurate predictions. In gambling however, you will not be able to predict on what color the roulette ball will land, no matter what.

The simplest way to make money in binary options is by trading on news events. Below you will find an example of such cases:

Long-term trades.

Usually around September and October each year Apple is known to release a new iPhone and several additional products. Your task will be to check out when this will happen (usually, these events are announced months ahead).

Add the date to your calendar and around 1-2 days before the event buy a binary option that predicts that the stock value of Apple will go up during the next 2-3 days. You can be fairly sure that your prediction will be correct, as Apple’s stocks usually increase after a new product launch. And boom, this is it; you just made money with binary trading.

As you know, there are hundreds of large companies, such as Google, Samsung, Sony, and Microsoft, etc. Just check out when these companies are about to launch a new product and mark it in your calendar. You will usually find 1-2 such major events during every week of the year.

With this strategy you may expect to win around 70% to 80% of the time but it requires a lot of preparations like following news events. It’s can potentially be easy money through, so it should be the first strategy you use to make money in binary options trading.

One of the best brokers on the internet right now that have many long-term trades is Bitcoin Trader. As explained above, Bitcoin Trader is also the first broker that has received a real government financial trading license, meaning it’s fully legal and regulated.

Hint: You do not have to do all this by yourself. You can use a signal service such as Bitcoin Trader that will automatically look for long-term trades and make accurate (up to 80%) predictions for you.

Short-term trades

After you become a little more experienced you can move on to short-term trading. As you have noticed, trading on news events involves long-term trades such as several days or weeks. A more advanced way is using short-term trades that expire within just a few minutes or seconds.

Here, you will not be able to use news events, as things happen too fast for news to have any influence on asset prices. Instead, you are expected to read the charts of various assets and look for trends.

Trends are predefined patterns in the short-term movement of assets. This means that if you catch a pattern in its early development, you can predict what happens next (as patterns usually behave in the same fashion).

These are a bit more complicated strategies but they are great because they allow you to make money in binary options on a daily basis as they involve short-term trades, therefore don’t have to wait for major news events (like product releases).

The best is always to use a combination of both strategies if you want to make money consistently using binary options. If you are a beginner, you should first start with the long-term strategy I described above (the one with Apple as example) because it’s very easy and there you will have realistic winning chances even as a complete newcomer. Then later diversify to short-term.

For short term trades I usually recommend BinBotPro. This is because short-term trades are usually riskier and BinBotPro offers a minimum deposit of only $10 and allows you to invest as low as $1 per trade.

Tip: Short term trades are a bit harder to predict than long-term trades, but they can make you money much faster. It’s recommended to use a robot (a tool that will automatically execute accurate trades for you), such as BinBotPro. This way you will be able to make money right away with minimal work on your part.

Is it legitimate? Is it legal?

Reputable financial service providers and investment firms first introduced binary trading in the United States. After this, multiple countries decided to adopt this practice and make it a legal form of financial trading and investing.

At this moment binary trading is officially regulated in a large number of countries on the planet including the United States, the United Kingdom, Cyprus, Japan, South Africa and more.

In order for financial service providers to be able to offer binary trading services, they will have to pass an independent evaluation by various government agencies. Only those online trading companies that offer legitimate services will be awarded with a financial service provider license.

Also, trading financial assets online by private people is at this moment legal in all countries on the planet. This is also valid in countries where binary options is at this moment not yet regulated. – To our knowledge binary trading isn’t illegal in any countries at this moment.

Do I Have to be an Expert to Make Money in Binary Options?

A common misconception is that you will have to be a financial and business expert in order to successfully trade binary options. However, this is not true at all. Perhaps it’s true when it comes to traditional stocks trading but definitely not true in the case of binaries.

You don’t have to be an expert to predict the movement of certain assets. Just think of the example I gave you above with Apple and long-term trades about on how to make money in binary options. Just based on that example you already learned one of the simplest ways to successfully trade binaries. There were no complicated tools or economic theories involved.

To add on the strategy mentioned above, another example is knowing when the US Federal Reserve is printing money.

You can find this info in the news. In such cases, the value of the USD almost always depreciates. So, in cases like this you can place very accurate investments on the outcome that the conversion rate between the USD and other currencies will increase.

And now you already know two very easy methods that you can use every single time you trade. So, as you can see, you can definitely make money by trading binary options if you do it properly and don’t just make random predictions.

You can implement these strategies at binary options brokers. The idea is to always choose legit and reputable brokers such as Bitcoin Trader to avoid being scammed. USA traders can choose BinBotPro.You can also use various tools such as signals to help predict the movement of assets. The best tool of this kind at this moment is BinBotPro.

Learn more and become a winner

If you want to make money with binary options then read our detailed educational articles and strategy guides. These will teach you to efficiently trade financial assets and increase your winning probabilities.

In this latest article I will be explaining how you can trade USD/JPY using binary options. You will learn about what influences the movement of this forex pair so that you can make accurate investments at your binary options broker. You will also find out what the recommended and safest binary brokers are for USD/JPY.

In this guide I will be talking about trading the currency pair USD/GBP using binary options. You will be learning about the factors that influence the movement of this currency pair and how you can predict it, which you can then use to make accurate trades in binary options.

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Have you heard all the talk about “Sismo Money Boom”? Do a quick Google search to see why people from all over the world can’t say enough about this new product that helps you make money online.

Vote Up-1Vote Down Reply

4 years ago

Guest

OptionsAdvice

Nice try.

Anyone reading this definitely do not sign up there to use that thing because it is 100% a scam.

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4 years ago

Guest

jason

have you heard of CiTrades?

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3 years ago

Guest

Kazi Jashim Uddin

Do you have a computer and internet connection? Do a quick Google search for “Sismo Money Boom” to learn how you can use it to make money legitimately right from the comfort of home.

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4 years ago

Guest

Tyson Fritz

What is the difference between trading binary options and going to the casino and betting on red/black at a roulette table?

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4 years ago

Guest

OptionsAdvice

When you go to the casino and bet red or black there is absolutely no way whatsoever to influence your winning odds. It’s 100% pure luck and chance. In binary options you will have to predict the future movement of an asset. The movements of financial assets are obviously not random and based on luck and chance. It’s not like that when the stock prices of Apple or Microsoft increase it’s because of 100% random factors like gambling. If the company performs well its stocks will increase. If the company performs poorly then the stocks will decrease. before trading binary… Read more »

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4 years ago

Guest

Daria Angkadiredja

Absolutely agree!

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4 years ago

Guest

Ed Taruc

@Thea: regarding this – STRICTLY FOR THOSE WHO TOOK BONUSES AND CAN’T WITH-DRAW/LOST FUNDS AFTER TRADING.
Is it possible to get my money back lost trading Yahoo and other stocks on Etrade?

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3 years ago

Guest

Ed Taruc

hi knud, did you get your money back?

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3 years ago

Guest

SD

No wealth is actually generated with binary options, unlike a stock market. You play against the broker, just like in a casino. If the broker is bankrupt, you will not even get your winnings back. One thing I do not understand- why do brokers pretend to help us with their staff of analysts? Isn’t it counter-productive to them?

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3 years ago

Guest

SD

So where does the money come from? Someone has to loose, in order for both the broker, and the punter to make money.

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2 years ago

Guest

james smith

what happens if say i started off with £10K, turned it into £1M and the broker didn’t have enough money to pay me the £1M i have made? like when i go to withdraw my £1M the broker couldn’t give me the funds because they do not have it available?

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2 years ago

Guest

OptionsAdvice

You should never keep that much money in your trading account.

Lets say you start with 10k… and make around 30k. You should withdraw that 20k right away and keep trading with your remaining 10k.

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2 years ago

Guest

Dave

You’re trading against other traders too.. if you do a put trade for £100 and someone does a call trade for £100, one of you will have to lose that trade.. look up market makers and market exposure..

OptionsAdvice.com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the webiste constitute the authors' opinion only. Binary options, Forex and CFD trading involve high-risk and are not suitable for all investors. Binary options, Forex and CFD trading may not be legal in your jurisdiction. It's visitors' responsibility to make sure binary options, Forex and CFDs are legal in their jurisdiction before engaging in trading activity.